NEW YORK-- The Nathan Cummings Foundation has announced that it is accepting proposals for grants and program-related investments (PRIs). This grant and PRI opportunity flows from the foundation's strategic plan to activate the totality of its assets to support organizations driving people-centric impact outcomes toward racial, economic, and environmental justice.
"We are excited to have an open line for values-aligned organizations and innovators to reach us," said NCF president and CEO Rey Ramsey. "They hold the keys to how we advance impact solutions. We will listen and learn from them."
The foundation has an approximately $17 million grantmaking budget for 2024 and will offer three new types of grants:
The PRI initiative is backed by the board's recent decision to dedicate five percent ($22 million) of the foundation's endowment in the coming years to provide low-interest loans and other forms of low-cost financing to organizations focused on REEJ. The foundations budget for the initiative's first year is targeted at approximately $3 million.
The deadline for submissions is April 30, 2024. NCF encourages applicants to review the "Apply for Funding""Apply for Funding" section of its website for guidance.